The manager of Sheffield is given a bonus based on net income before taxes. The net income after taxes is $63300 for FIFO and $52100 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much...


The manager of Sheffield is given a bonus based on net income before taxes. The net income after taxes is $63300 for FIFO and $52100 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?


$16000

$22400

$3200

$11200



Jun 06, 2022
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